The Company was incorporated on May 26, 2009 under the Companies Act, 1956 in the State of Maharashtra.
As per the Scheme of Arrangement approved by the Hon'ble High Court of Judicature at Bombay under section 391 & 394 of the Companies Act, 1956, on February 5, 2010, the Investments Division of the BFUL was demerged and transferred to the Company, effective from February 26, 2010.
As per the Scheme, the Company allotted on March 15, 2010, one fully paid Equity Share of the Company of Rs.5 (free of cost) to the shareholders of BFUL for one fully paid Equity Share of Rs.5 of BFUL held on the Record Date i.e. March 12, 2010.
The said shares listed on Bombay Stock Exchange Ltd. (BSE) and National Stock Exchange of India Ltd. (NSE) with effect from January 14, 2011.
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